Global Insurance News : Specialty Reinsurance Lines Will Be Effected Due to Ukraine War

According to S&P Global Ratings, the Russia-Ukraine war will add vulnerability and exacerbate earnings instability in worldwide reinsurers’ specialty lines, although their immediate asset exposure is negligible.

S&P Global RatingsS&P Global Ratings credit expert Johannes Bender explained: “For the vast majority of the top 21 worldwide reinsurers we rate, asset exposure to Russia and Ukraine isn’t material, representing less than 2% of all out changed capital and beneath 1% of total assets.”

On the liability side however, S&P believes that reinsurers are more exposed to the conflict, particularly in specialty lines, the industry segment that writes considerably more difficult or unusual risks, such as war risk, political violence, and cyber risk, the report says.


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